Cabinet approves MoU on "India-Israel Industrial R&D and Technological Innovation Fund".

The Union Cabinet chaired by Prime Minister Shri Narendra Modi approved a Memorandum of Understanding (MoU) between India and Israel on "India-Israel Industrial R&D and Technological Innovation Fund (I4F)". The MoU was concluded in July, 2017. India and Israel will make an contribution of 4 million US Dollars each for the Fund, both equivalent amount, annually for five years.The Innovation Fund will be governed by a joint Board which will consist of four members from each country.

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